GST late filling fees

This query is : Resolved

Madhu M (Querist)
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29 August 2020 Hi sir, Query : GST cancellation process

I have Taken GST Registration on 07/09/2019 & till now I Have not Done any monthly Returns and Now i want Cancel my GST Registration.. But there is some around 20000/- Input Available in fy 2019-20 ...What to do sir ???? please Tell me the cancellation process & total Penalty ,Interest , late filing fee & is there any cancellation charges ...??? please do the needful sir Thanks in Advance
Madhu M

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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30 August 2020 You should have filled NIL Returns. Now you have to file all pending return with late panelty and thereafter apply for GST Cancellation

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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01 September 2020 You have to reverse the input credit available in your credit ledger by paying the same either through cash or by adjusting it in your sale.

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Madhu M

Madhu M (Querist)
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01 September 2020 Thank you sir ...can i use That ITC ...now sir ????